WT Asset Management Ltd Invests $319.43 Million in Teradyne, Inc. $TER

WT Asset Management Ltd acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 660,196 shares of the company’s stock, valued at approximately $319,429,000. Teradyne comprises 6.3% of WT Asset Management Ltd’s portfolio, making the stock its 7th biggest holding. WT Asset Management Ltd owned 0.42% of Teradyne at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TER. Auxano Advisors LLC bought a new position in Teradyne in the second quarter valued at about $288,000. Focused Alpha LLC bought a new stake in shares of Teradyne during the 2nd quarter valued at about $861,000. BlackRock Inc. bought a new stake in shares of Teradyne during the 2nd quarter valued at about $9,404,408,000. Pallas Capital Advisors LLC purchased a new stake in shares of Teradyne during the 2nd quarter valued at about $3,145,000. Finally, Deutsche Bank AG purchased a new stake in shares of Teradyne during the 2nd quarter valued at about $206,913,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 5.8%

NASDAQ TER opened at $443.14 on Tuesday. Teradyne, Inc. has a 12 month low of $106.30 and a 12 month high of $487.91. The stock has a market cap of $69.28 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 0.85 and a beta of 1.78. The company’s 50 day moving average is $385.63 and its two-hundred day moving average is $350.65.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company’s revenue was up 103.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Sell-side analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Insiders Place Their Bets

In related news, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the transaction, the insider owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,664 shares of company stock worth $2,273,133. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TER has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a report on Thursday, April 30th. Morgan Stanley upped their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Robert W. Baird set a $420.00 price target on shares of Teradyne in a research note on Thursday, July 30th. Stifel Nicolaus lifted their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, UBS Group upped their price objective on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $396.80.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.